Retail AR Credit Manager
Retail AR Credit Manager
Posted on :
04-10-2024
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Job Description
Retail AR Credit Manager
Accounts Receivable & Credit
100% Onsite Chicago Illinois 60475
The Accounts Receivable & Credit Manager is responsible for maintaining accuracy in all areas of the receivables function. This individual is responsible for monitoring credit risk overseeing the processing of incoming payments and deductions and ensuring a current AR aging. He/she will manage a staff of 2 and will partner with cross functional departments including Sales Customer Service Operations and Accounting.
Job Duties and Responsibilities
- Establish and maintain credit policies and procedures and own the credit evaluation process including placing customers on hold as necessary when limits are exceeded.
- Ensure customers are legitimate and financially viable.
- Manage and monitor accounts receivable to ensure prompt collection and compliance with company and state standards including unclaimed property reporting.
- Ensure accurate processing and posting of incoming payments and deductions.
- Ensure customer deductions are resolved in partnership with the sales customer service and operations teams (Shipping and Warehousing).
- Approve cash batches daily to ensure all payments received are applied
- Each morning ensure the deductions workbench balances to the Companys trade system (Exceedra).
- Review and scrutinize data to verify any discrepancies within the system (ERP or Exceedra).
- Prepare adhoc reports and analyses to various levels of management.
- Manage a team of cash application collection and deduction associates including the ongoing development of such individuals. Enable the team to succeed via the organization of files and information needed to process transactions.
- Serve as the subject matter expert in AR Credit Collections and Deduction processing.
- Ensure all processes are properly controlled.
Requirements
- BS degree in Finance Accounting or Business Administration.
- Experience as an accounts receivable manager and/or accountant with proven success in that role.
- Reliable solid understanding of industry standards including basic accounting principles fair credit practices and collection rules and regulations.
- Meticulously accurate abilities to calculate post and manage necessary accounting figures and financial records.
- Exceptional critical thinking skills and aptitude for working with numbers.
- Collaborative and communicative leader that thrives working in a teamoriented environment.
- Significant firsthand experience operating spreadsheets and accounting software.
- Excellent English language skills both written and verbal.
- Proficiency in MS Office.
- Wellversed in customer service escalation and negotiation skills.
Employment Type
Full Time
Key Skills
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